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FOX News
Dec 29, 2012 3:00am PST
. the president said he is modestly optimistic about a fiscal cliff deal getting done before new year's eve. >> clayton: they all said the same thing. presidential meeting with the leaders yesterday. harry reid. >> juliet: vice president showed up. >> clayton: they must have been all on the same table hey whether we lee this table we will say modestly optimistic. listen to senator mitch mcconnell who may be the linchpin of this whole thing. he said i will take the ball and run with it in the senate. get a deal done. listen to the senator. >> we had a good meeting at the white house. we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> charles krauthammer calling him a master negotiator. saying if it were left up to him he could solve the syrian civil war in a weekend. >> dave: he can get it done but there
FOX News
Dec 26, 2012 1:00pm PST
compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the
FOX News
Dec 25, 2012 7:00am PST
be done to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended unemployment benefits for two million people about to be kicked off their benefits a week after christmas the president also wants to extend tax cuts for the middle class. you heard house speaker john boehner say the problem there that will raise tax rates for some. he thinks that will hurt the economy, although over the weekend in sort of a holiday message the speaker suggested maybe they can come together after the holiday. >> of course hope springs eternal and i know we have it in us to come together and do the right thing. we'll continue to work with our colleagues in the congress and the white hous
FOX News
Dec 27, 2012 3:00am PST
the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these numbers and you go up to 120,000 . you will see 31 percent up to 36 percent . in these tax rates as they climb up. >> here's the bottom line. average tax rate of 2,000 to $4000. it is an additional 13,944 . millionaire's status which the president wanted to raise status on will be 34635. big deep in your pockets if woo go off the fiscal cliff. >> it is so crazy . we have the holiday get together. living in new york city . it is so expensive and you are making $250,000. you are middle class here. >> clayton: if you have a family of four and taxes a
FOX News
Dec 26, 2012 6:00am PST
left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the intent of the shooter essentially to burn undo the neighborhood in which he resided and to kill people. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gregg: all right, new developments on the christmas eve ambush that left two firefighters dead up in state new york. police say they have human remains in the burned out home of the gunman. david lee miller is live in our newsroom. david, so what do we know
FOX News
Dec 26, 2012 8:00am PST
we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that politicians here in washington are so dysfunctional, kelly, they can not get the people's business done, i think then you will see a market reaction that, as you describe it, could plunge the country back into recession and it is not just the united states. remember, we're the world leader in terms of so much when it comes to the economy. it could cause worldwide implications. europe already is on the verge of trouble. to have the united states go off the edge would be catastrophic, for the world, for the global economy. kelly: juan, i was talking to a very good friend of mind who lives here in the united states. he is
FOX News
Dec 26, 2012 3:00am PST
with the fiscal cliff. i'm looking now to congress and say, pass the amt patch today. >> gretchen: all right. we'll see if they're listening to marty, a cpa who is a little nutsoutrig to get everything done before year's end. >> thank you very much. >> gretchen: georgetown cup cakes secret ingredient this new year, champagne? we're showing you how it make the party even sweeter with sophie. yep, she's just one part of the team with our others and she's here hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> gretchen: welcome back. wicked weather like this wreaking havoc on airports across the country. what can travelers expect? wfxt's katherine is live at logan international airport with the latest op the travel nightmare out of boston. good morning. >> good morning, gretchen. the sun is shining on us here in boston. but flights already beginning to be affected by the storm. flights going to dallas, columbus and
Search Results 0 to 6 of about 7